Yields and prices move in opposite directions and one basis point equals 0.01%.As markets re-opened for a half-day of trading on Friday, after remaining closed for Thanksgiving on Thursday, they continued to absorb the Fed's November meeting minutes published earlier in the week."A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," they said, echoing the tone struck by Fed speakers in recent weeks.
Central bank officials have been indicating that whilst rates will continue to rise, they will likely do so in smaller increments. This has been welcomed by many investors as concerns about the speed of rate hikes leading the U.S. economy into a recession have spread. According to the Fed minutes, uncertainty about how quickly and how significantly their policies would impact the wider economy and inflation were the biggest factors for officials when considering a slowdown of rate hikes.
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Majidreza_Rahnavard is sentenced to death with false accusations and NO COURT within only a few days after being arrested protesting his rights in Mashhad, Iran. He has been tortured, his family has been threatened and his shop has been closed by IRI’s regime. Be his voice!